Edited by Werner D'Inka, JÜRGEN Kaube Berthold Kohler, HOLGER Steltzner
Breakthrough in the nuclearindustry hopes to billions of transactions in Iran
Following the agreement in the nuclear dispute with Iran, German companies are hoping for orders. The infrastructure of the country is considered to be completely outdated.
07/14/2015, by RÜDIGER KÖHN , MUNICH
In what felt like endless loops, the parties have spent years on a compromise in the nuclear dispute is negotiating with Iran. Already more than a year ago, there were brief hopes for a breakthrough - and thus an opening of the monetary floodgates for Western companies after the fall of the sanctions. But it took. So it is hardly surprising that many companies further demonstrate patience and wait for information on how to proceed at all. Observers expect that the opening will require a longer process.
The companies provide a low profile: Siemens is to say nothing in the face of not even dry the signature taken in Vienna on Tuesday morning Agreement. Nevertheless, the Munich-based technology group for the expected "time after" prepare and explore the possibilities. Since Iran was previously for small businesses an important market, could also hope for them germinate. So is the leader of tun- nel drilling, Herrenknecht, at the end of the sanctions. Their owner Martin Herrenknecht has led just in Tehran with officials talks. It could go to the expansion of subways or sewer systems.
The middle class should have denied a considerable part of the German-Iranian trade, yet reached a volume of around 3.9 billion euros in 2012; then the sanctions against the country were again tightened. Germany was then the third largest trading partner after Saudi Arabia and the United Arab Emirates. In 2014, the volume then fell to just EUR 2.4 billion.
Under the ground are an estimated 10 percent of global oil reserves
Already on Tuesday circulated figures on the business opportunities that could be opened up with Iran. The DIHK about not exclude the possibility that in the medium term an export volume of 10 billion euros could be achieved. Already in two years, estimates of the Chamber of Commerce Federation, products and services may be carried out for 2 billion euros. Is heard from the environment of the Siemens Group that it is a completely outdated infrastructure in a country that has been decades long died proceeding isolated. This applies to transport by road and rail transport as well as the oil and gas sector. According to analysts, Iran has immense need for renewal in the crude oil production because of poorly maintained equipment. Therefore, the country will take a long time to return to the former flow rates, estimates Bayern LB. About half of the exports denies the country with crude oil. Under the ground are an estimated 10 percent of global oil reserves. In particular, but the country will be dependent on the yield of the less developed gas reserves to international partnerships and technology transfer.
Topics for this post:
Rates and financial data for the article:
Other Recommendations
No comments:
Post a Comment
Please leave a comment-- or suggestions, particularly of topics and places you'd like to see covered